Date
20 August 2018

Markets

  • JP Morgan quits as China Everbright IPO underwriter, WSJ says

    Nov 20, 2013 6:42am
      J.P. Morgan Chase has withdrawn from underwriting China Everbright Bank’s US$2 billion initial public offering in Hong Kong, the Wall Street Journal reported Tuesday, citing people with knowledge of the deal. The reasons for the exit...
  • HSI takes a breather but insurance plays still hot

    Nov 19, 2013 5:57pm
    Hong Kong’s benchmark index took a breather on Tuesday after surging more than 600 points in the previous session, but market sentiment remained positive. The Hang Seng Index ended the day 2 points or 0.01 percent lower...
  • HSI surges 2.7% as reform details cheer investors

    Nov 18, 2013 5:42pm
    Hong Kong stocks surged on Monday as additional documents showing the extent of the reforms agreed upon during the just-concluded Communist Party plenum buoyed investor sentiment. The benchmark Hang Seng Index closed 623 points or 2.7 percent...
  • Lock-up ends for 11.7 bln yuan worth of shares, website says

    Nov 18, 2013 9:48am
    More than 11.7 billion yuan (US$1.92 billion) worth of shares will become eligible for trading in mainland China this week after the regulatory lock-up period expires, news portal xinhua08.com reported Sunday, citing the Shanghai and Shenzhen...
  • China launches japonica rice futures trade, paper says

    Nov 18, 2013 9:05am
    China is launching the trading of japonica rice futures at the Zhengzhou Commodities Exchange on Monday, the Shanghai Securities Journal reported, citing the exchange. The exchange will also launch long-grain non-glutinous rice futures at an appropriate...
  • Beijing to loosen control over IPOs, WSJ says

    Nov 18, 2013 6:27am
    China will revamp its initial public offering regime to a western-style system under which companies can go public on their merits, the Wall Street Journal reported Sunday. At present, the government decides which companies can list. The...
  • Hong Kong, Shanghai take cue from US rally

    Nov 15, 2013 5:54pm
    Hong Kong and mainland equities rallied Friday after US stock markets hit record intraday highs overnight. The benchmark Hang Seng Index surged 1.7 percent to 23,032 points and the Hang Seng China Enterprises Index gained 3...
  • The plenum gave mixed signals about the direction of the economy. Photo: Bloomberg

    WEEKENDER: Stop, wait, go – plenum of mixed signals, clear signs

    - Nov 15, 2013 5:48pm
    When the Communist Party wrapped up its landmark four-day meeting on Tuesday, observers were left with mixed signals about the next stage of China’s economic reform but clear signs of the growing power of its supreme...
  • Reading the plenum tea leaves

    - Nov 15, 2013 11:26am
    As a guide to the country’s reform path, the communiqué released after this week’s Communist Party Central Committee plenum is short on concrete details. The full text of the plenum document may give more insight when...
  • HSI rides Tencent gains, Yellen talk

    Nov 14, 2013 5:54pm
    Hong Kong stocks rebounded Thursday, cheered by news the United States will not taper its bond buying program any sooner than expected. The benchmark Hang Seng Index edged up 0.82 percent to close at 22,649 points....
  • HSI tumbles on bad loan data

    Nov 13, 2013 5:59pm
    Hong Kong stocks lost nearly 2 percent Wednesday as investors dumped banking counters after a spike in a key bad loan data. The benchmark Hang Seng Index retreated 1.9 percent to close at 22,463 points. The Hang...
  • Atlantis Investment sees correction in HK stocks, paper says

    Nov 13, 2013 8:17am
    The Hong Kong stock market’s benchmark Hang Seng Index is trading at a premium and could be headed for a downward adjustment of up to 10 percent, the Securities Times quoted Atlantis Investment Management (Hong Kong) Ltd....
  • Blue chip sell-off weighs on stocks as CPC plenum ends

    Nov 12, 2013 6:12pm
    Hong Kong stocks ended lower in a volatile trading session Tuesday as markets on both sides of the border waited for clues to Beijing’s economic agenda after the close of an all-important Communist Party plenum. The...
  • HSI rebounds on back of banking plays

    Nov 11, 2013 6:13pm
    Hong Kong stocks rebounded sharply from a string of declines Monday, helped by banking counters as investors piled into mainland lenders. The benchmark Hang Seng Index gained 1.43 percent to close at 23,069 points. The Hang Seng China Enterprises...
  • Shenzhen, Luxembourg bourses sign cooperation pact, paper says

    Nov 11, 2013 8:43am
    The Shenzhen Stock Exchange and Bourse de Luxembourg have signed a memorandum of understanding to boost cooperation, the China Securities Journal reported Monday, citing the two bourses’ joint statement. The two have agreed to undertake information,...
  • HSI ends week 2.1% lower as uncertainties loom

    Nov 8, 2013 6:14pm
    Hong Kong’s benchmark index ended the week on a fifth straight day of declines as investors waited for Saturday’s start to a key Communist Party gathering and fretted that economic growth could mean the US Federal...
  • Economic reforms designed to break the monopoly hold of state firms in industries such as electricity are at the center of debate within the ruling party. Photo: Bloomberg

    WEEKENDER: Xi looks left and right to make history

    - Nov 8, 2013 4:19pm
    History is in the making as China’s leader, Xi Jinping, prepares to assemble the country’s ruling Communist Party elite in Beijing to map out strategies at a session beginning Saturday. On the agenda are what are...
  • Western China overreliant on investment and property for growth

    Nov 8, 2013 8:49am
    Most of China’s administrative regions have released their economic performance data for the third quarter. While the importance of exports has noticeably gone down, local economies have become increasingly reliant on fixed asset investment to spur...
  • Despite its modern facade

    CPC PLENUM: The week at a glance

    Nov 8, 2013 6:00am
    Will Chinese rulers bite the reform bullet? As China’s top leaders prepare for a key party meeting this week, there are hopes Beijing will lower entry barriers and further ease administrative approval procedures to encourage more...
  • HSI falls 155 points as market awaits offshore data

    Nov 7, 2013 5:42pm
    Hong Kong’s benchmark index fell for the fourth day in a row on Thursday as the market waited for direction from overseas. The European Central Bank will have its policy meeting on Thursday, while the United...

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